- Energy expended to secure the network: The computational power and energy invested in maintaining the Bitcoin network and verifying transactions.
- Mathematics and cryptography: The underlying algorithms and encryption techniques that enable secure, decentralized, and censorship-resistant transactions.
- Scarcity: The limited supply of Bitcoin, capped at 21 million, which helps maintain its value.
- Demand: The market demand for Bitcoin, driven by its perceived value as a store of value, medium of exchange, and unit of account.
- Blockchain technology: The decentralized, distributed ledger that records all transactions, ensuring transparency and immutability
When the SHTF, how do I get a bitcoin off of my dead computer to trade?